Both the NYSE and Nasdaq have lost market share to ECNs in recent years.Part of Nasdaq's response to the growth of ECNs has been to _______.
I.Purchase Instinet,a major ECN
II.Enable automatic trade execution through its new Market Center
III.Switch from stock ownership to mutual ownership

Question

Quizplus · Accepted Answer

The best choice is C because it accurately describes Nasdaq's response to the growth of ECNs in recent years. Nasdaq purchased Instinet, one of the major ECNs, which helped it regain some market share. It also enabled automatic trade execution through its new Market Center, which allowed it to compete more effectively with ECNs. However, it did not switch from stock ownership to mutual ownership, so option III is incorrect.

Both the NYSE and Nasdaq Have Lost Market Share to ECNs